2021-04-05-accounts - H And M Castang Charitable Trust

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FOR THEYEAR ENDED 5THAP	RIL 2021	RIL 2021	RIL 2021
Incomeandendowmentsfrom:	UnrestrictedFunds Income Capital NotesFund Fund EE			Restricted Fund C	Total 2'J2L E	Total 2020 [.
Donationsandlegacies
Donations		o			o	0
Investments
Dividends received on equities	t7	54,856			54,856	68,808
Interestreceived on other
Investments	18	7t55O			7,55O	70,863
Interestreceived onfixedinterest
stocks	l9	2,t47			2tr"47	2,754
Totalincome		64,553	o	o	64,553	81,825
Expenditureon:
Raisingfunds	6		L2,964		L2t964	12,285
Charitable activities	2	18,8O3		28t34L	47,L44	767,797
Total expenditure		18,803	12,964	28,34t	60,tO8	174,082
Netincome,/(expenditure)		45,750	(L2t964)	(28,341)	4,445	(92,257)
Transfer between funds					o	0
		45,750	(L2t964)	(28,341)	4,445	(92,257)
Gains/(losses)on investmentassets Unrealised 17-19 Realised l7-tg			155,816 15,953		155,815 15,953	(298,986) 2,867
		o	L7L,769	o	L71,769	(296,119)
Net MovementInFunds		45,750	158,805	(28,341)	L76,2L4	(388,376)
ReconciliationofFunds
TotalFundsbrought forward		181,830 1,28L,478		74,L55	L,537,463	1,925,839
TotalFundscarriedforward		227,580 1,440,283		45,8L4	L,7L3,677	1,537,463

	Notes		zlJ2L
		E	E	E	E
Fixed assets
Investments:
Equities	L7		1,349,325		1,206,466
Other investments Fixedintereststocks	18 t9		28O,863 63,755		267,954 65,854
			1,693,943		7,534,274
Currentassets
Debtors	11	o		0
Cashatbank andwithstockbrokers		29t267		47,702
Total Current assets		29,267		47,702
Liabilities
Creditors: Amountsfallingduewithinoneyear	t2	9,533		44,573
NetGurrentassets			L9,734		3,789
Net assets			1,7L3,677		1,537,463
Thefunds ofthe charity:	13
Unrestricted funds:
Capital fund			L,44O,293		7,287,478
Income fund			227,SgO		181,830
Restricted fund			45,8L4		74,155
Total charityfunds			Lt7L3,677		7,537,463

H.&M.CASTANGCHARITABLETRUST NOTESTOTHE ACCOUNTS(CONTTNUED) FOR THEYEARENDEDsTH APRIL 2021		Page8
	2lJ21	2020
5.Supportcosts	E	f
Trustees'expenditure:
Researchintoprojects beingconsidered
by the Trustees and monitoring those
supportedbythecharity	9t245	73,479
Raisingfunds	L2,964	12,285
Governance costs	1,548	1,368
	23,757	27,072
Allocatedasfollows:
Grants and research projects	9,245	13,419
Conferencesandseminars	o	0
Raisingfunds	L2,964	72,295
Governance costs	1,549	7,368
	23,757	27,072

	charges areattributable tosupportcostswith thebalanceatt administration.	ributable tomanagementand
	Raisingfunds
	Investmentmanagementcosts
	Stockbroker'snominee fees	10,233	8,425
	Administrativefees	2,731	3,860
		12,964	12,285
7.	Other costs
	Bankcharges and interest	s4	42
	Printing, stationery and websitecosts	L2lJ	3,250
	Management and administrativefees	6,OOO	7,782
		6tL74	10,474
8,	Governance costs
	Accountancycharges	948	936
	Independent examiner'scharges	600	432
		1,548	1,368

FOR THEYEARENDED5THAPR	IL2021
		Fixed
		fnterest	Other	Total	Total
1O.fnvestments Quotedinvestments	Equities E	Stocks E Investments E		zlJ2L E	2020 f
(see notes 17,18&19)
Market valueat6th April2020	L,2(,6,466	854 65,	261,954	L,534t274	7,852,109
Additions duringtheyear Disposalsduring the year Net unrealised investment	84f9O1 (77,A43)	o o	89,343 (92t54A)	L74,244 (170,391)	80,952 (99,801)
gains/(losses)	135,801	(2,099)	22'1L4	155,816	(298,986)
Market valueat5th April2021	t,?49,325	63,755	290,863	L,693t943	7,534,274
Historical costasat5th April2021	993,004	52,346	256,226	L,3O'.,576	7,235,633

	2'J21	2020
	E	E
11.Debtors
Other debtors	o	o
12.Creditors: Amountsfallingduewithinoneyear Other creditors	9f533	44,513

13.Statement of funds	Balanceat o6.04.2020	Incoming Resources	Resources Expended	Netgains/ (losses)	Transfers	Balanceat 05.04.2021
	E	C	E		E	E
Unrestricted funds
Income fund
General CapitalFund	181,830 L,28L,478	64,553 o	(18,8O3) (L2,964)	o L7L,769	o o	227,59O 1,44O,283
	1,463,308	64,553	(3L,767)	L7L,769	o	1,667,863
Restricted funds
BACDfund IanCrocker Study fund	58,239 15,915	o o	(L2,425) (15,916)	o o	o o	45,814 o
	74,155	o	(28,341)	o	o	45,8L4
Total funds	L,537,463	64,553	(60,108)	t7L,769	o	1,7L3,677


Future Commitments		Future
	Total	Commitment
	Cost	at5.4.2L
	E	E
TheTrustees have agreedtofund the following projects:
a.BACD	18O,OOO	45,813
b.UniversityofManchester- IanCrockerStudy	165,668	83,832
		L29,645

	UnrestrictedFunds
	Income Capital Fund Fund s.E	Restricted Funds E	Totalfunds zlJ2L E	Total funds 2020 f
Fixedasset investments Currentassets Creditors	253,660L,44O,28.3 (18,1OO) O (7,980) O	o 47,367 (1,553)	1,693,943 29,267 (9,533)	1,534,274 47,702 (44,s13)
	227,580L,44O,283	__lggLa	1,7L3,677	7,537,463

Comparative StatcmentofFinancialActivi	ties	ties
	UnrestrictedFunds
	fncome Fund EE	Capital Fund	Restricted Fund E	Total ztJ2lJ E
Incomeandendowmentsfrom:
Investments
Dividends received on equities	68,808			68,808
Interestreceived on other
Investments	70,863			70,863
Interestreceived onfixedinterest
stocks	2,154			2t754
Totalincome	87,825	0	0	87,825
Expenditureon:
Raisingfunds		72,285		12,285
Charitable activities	57,267		110,536	161,797
Total expenditure	51,261	12,285	114,fi6	174,082
Netincome/(expenditure)	30,564	(12,285)	(110,536)	(92,257)
Transfer between funds	50,o00	(50,000)		0
	80,564	(62,285)	(110,536)	(92,257)
Gains/(losses)on investmentassets
Unrealised		(298,986)		(298,986)
Realised		2,967		2,867
	0	(2e6,11e)	0	(296,119)
NetMovementInFunds	80,564	(358,404)	(110,536)	(388,376)
ReconciliationofFunds
TotalFundsbrought forward	101,266	1,639,882	784,691	7,925,939
TotalFundscarriedforward	787,830	1,281,478	74,155	7,537,463

		zlJ2L	2020
2	CharitableActivities	E	E
	Researchprojects	39,422	748,955
	Conferencesand seminars	o	7,000
	Othercosts	6,L74	70,474
	Governance costs	1,548	7,368
		47tt44	161,797

FORTHEYEARENDED5TH	APRIL 2021
		2fJ2L	2020
		E	f
3. ResearchProjects
BACDFellowshipProgramme		o	15,000
		o	75,000
BACDTherapyResearch Workshops			10,000
		o	70,000
BACDFunding Award-The identification of young childrenat thehighest risk fordeveloping severe challenging behaviour BirminghamUniversityResearchstaffand
	runningcosts	o	4,867
		o	4,867
BACDFunding Award- MISE:	ResearchingAllied Health inSchools and
Education
NewcastleUniversity	Researchstaffand runningcosts	L2t425	47,585
		!2,425	47,585
IanCrocker Study-A Heme-Binding Agentfor thePreventionofFetal
VascularCompromise Manchester University		L7,752	64,084
		L7t7S2	64,084
Supportcosts		9,245	73,479
		39,422	748,955
4. ConferencesandSeminars
Societyfor theStudyofBehavioural PhenotypesConference Sponsorship Supportcosts		o o	1,000 0
		o	1,000

Investments-Equities
Heldwithin theU.K.	At 6thApril2020 Market Numbervalue E		Acquisitions NumberCost E		Sales NumberProceeds E		Realised Gains/ (Losses) E	Unrealised Atsth Aprit2021 Gains/ MarketHistorical (Losses)Number value Cost E € E				Date	Dividend Received
AstraZeneca
Ordinary 25p Shares	1,OOO	7L,44O						2ao	1,OOO	7'.,720	3O,2a1	sep Mar	696.00 L,374.OO
BAESystems Ordinary2.5pShares	8,5OO42,500							8a4	a,5oo	43,3a4	37,7A9	sep Nov	1,173.0O 799.OO
Biopharma Credit Ord USDo.01 Shares			13.08.202044,OOO	34,665				(3,819)	44,OOO	3O,a46	34,665	sep Dec	549.53 566.41
British AmericanTobacco
Ord 25p shares			02.72.20201,870	5O,236				544	\aro	50t7alJ	5O,236	Feb	983.62
BP												Jun	1,O01,O5
Ordinary 0,25US$ Shares	12,0OO40,476							(s,700)	12,ooo	34,776	5L,s97	sep Dec	445,20 470.O3
												Mar	452.21
BTGroup Ordianry 5p Shares	15,O0O15,695							6,772	15,OOO23,467		29,773
CityMerchantsHighYieldTrust Ordinary 2p Shares	3O,OOO45,600							1O,8OO	3O,OOO	56,400	55,a47	May Au9 Nov	750.00 750.00 750.OO
												Feb	750.OO
Compass Group Ordinary 11.05p Shares	4.5L9	49,7f,9			24.tL.2O20 4,5t9	6L,676	L'-,967
Diageo Ordinary281017r06pShares	2,9oO	ZL,2az						15,921	2,9OO	a7,2O3	18,619	Apr Oct	794.A9 1,231.63
Foresight Solar FundLtd NPV	40,000	43,600						(2,E0O)	40,000	40,800	39,949	May Aug Nov	676.OO 6a8.OO 692.00
												Feb	692.O0
GlaxoSmithkline Ordinary 25p Shares	5,OOO	74,47(J						(1O,59O)5,OOO		63,aao	77,152	Apr Jul	1,150.OO 950,OO
												Oct	950.OO
												Jan	950.OO
HSBCHoldings OrdinaryUS$o.50Shares	7,043	2A,L34			28.05.20207,083	26,7139	(1,345)
ImpactHealthcareReit Ordinary 1p shares	38,000	35,340						att32	38,O0O	43,472	39,599	May Aug Nov	597.55 597.55 597.55
												Feb	597.55
Carried forward		519,246		84,9O1		84,465	LO,622	20,424		546,728	464,807		22,754.77

Investments- Equities (Continu	ed)	ed)	ed)
Heldwithin theU.K, BroughtfoMard	At 6thApdl2O2O Market NumberValue € 519,245			Acquisitions NumberCost E4,9O1 E	Sales NumberProceeds € 88,45S	Realised Gains/ (Losses) E 1o,622	Unrealised Gains/ (Losses) E 20,424	At5thApril2021 Market NumberValue f 546,72A		Historical Cost € 464,8O7	Date	DiYidend Received E 22,754.77
JPMorgan Global Core RealAssets OrdNPV		4O,OOO	g?-,3ZO				+L6O	4O,O0O	36,480	40.,275	May Aug	300.oo 300.oo
											Nov	300.oo
											Feb	400.oo
LandSecurities
Ordinary 10.6666666pShares		4,57O	23,5t7				8,546	4,57O	32,O53	24,O94	Jan Mar	548,40 274,20
Legal&General
Ordinary 2%pShares		24,OOO	3E,328				29,7L2	24,OOO	68,O4O	34,67O	Jun sep	3,O33.6O 1,183.20
PRSReit(The)
Ordinary1p shares		29,205	22,342				3,242	29,2O5	25,5E4	291426	Jul sep	292.Os 292,O5
											Nov	292,O5
											Feb	292,O5
RELXGroup Ordinary 14 51/116pShares		4,60lJ	77,5r9				6,831	4,6OO	44,41O	29,766	May sep	L,476,60 625.60
Royal Dutch BShares Euro0.7		3,OOO	42,552				(2,49O)	3,OOO	40,l)62	39,09s	Jun sep	34o.40 362,70
											Dec	374,40
											Plar	35a.ao
SDCL EnergyEfficiency Income Trust Ordianry1pshares		4O,OOO	36,48O				8,720	4O,OOO	45,2OO	40,677	lun sep	1,OOO.OO 550,OO
											Dec	550.OO
											Mar	550.OO
Supermarket IncomeREIT OrdinarylpShares		36,000	39,150				90	36,000	39,240	37,16t	May Au9	525.50 525,60
											Oct	527.40
											Feb	527,40
Unilever Ordinary 3	rpShares		L,7OO	6a,629				(25s)	L,7OO	64,t74	r5,4s7	lun sep
											Nov	636.A2
											Mar	639.20
Vodaphone Ordinary US90.2095238 shares		29,0OO	32,L95				6,s6s	29,OOO	3A,761	45.,232	Aug Feb	1,183.11 I,L54,48
HeldOutsidetheU.K.
CQSNewCityHiqhYieldFund Ltd OrdinaryShares	IOO,OOO		4O,5OO				11,0OO	1O0,OOO	51,5OO	52,388	May Aug Nov	1,OOO.OO 1,46O.OO 1,OOO.OO
											Feb	1,OOO.OO
Carriedforuard			972,'J39	44,9O1	88,465	tO,622	96,s4s	L,O76,442		853,048		47,9L3.52

HeldOutsidetheU.K. Broughtforuard	At6thApril2O2o Market Numb€rValue E 972,a39	At6thApril2O2o Market Numb€rValue E 972,a39	At6thApril2O2o Market Numb€rValue E 972,a39	Acquisitions Number Cost E 84,9O1	Acquisitions Number Cost E 84,9O1	Sales NumberProceeds E 48,465	Realised cains/ (Losses) E LO,622	Unrealised Gains/ (Losses) € 96,545	At Number	sth April2021 Market Value c L,O76,442	sth April2021 Market Value c L,O76,442	Historical Cost E 853,O48	Date	Dividend Received E 47,9L3,52
Roche Holdings AG
Genusscheine NPV(NES)		300	8O,786					(1O,387)	300		7O,t99	30,374	Mar	1,366.69
Ruffer InvestmentCompany Red PtgPref.0001pShares24,OOO			53,52O					15,36O	24,OOO		6a,a80	3O,814	Oct lvlar	228.00 22a.OO
Samarang Asset ManagementS.A. Asian ProsperityA1		L4g	32,54L					3.4t3	143		35,9s4	4L,O42	Dec	1,5L4,37
Schroder Oriental
Ordinary1p Shares	35,OOO		66,7AO					3O,E7O	35,OOO		97,65lJ	37,726	May Aug	65s,O0 665.OO
													Nov	1,61O.0O
													Feb	665.OO
			1,2'J6,466		84,9O1	44,455	10,622	135,801		L,349,325		993,OO4		54,855.5E
Otherfnvestments
	At6thApril2O2O Market NumberValue			Acquisitions Number Cost		Sales NumberProeeds	Realised Gains,/ (Losses)	Unrealised Gains/ (Losses)	At sth April2021 Market Number Value			Historical Cost	Date	Dividend Received
Charities Official
InvestmentFund													May	650.10
PropertyFund Shares	so,ooo		63,127					(I,644)	SO,OOO		62,083	60,120	Aug Nov	512.a0 559.12
													Feb	69s.92
Bny MellonManagersLtd GlobalIncomeUnits	69,153		92,54a			01.05.202069,153 97,879	5,331						Jun	739.89
Bny MellonManagersLtd
Newton
Real Return	39,OOO		3a,1O3					6,712	39,OOO		44,815	39,935	Oct Feb	486.50 42lJ.44
LinkFundSolutionsLtd
Trcjan Global IncomeOInc				14.05.202078,OOO	A9,€'43			3,282	78,OOO		92.625	89,343	Oct Dec	365.20 714,79
													Mar	545.69
VeritasFund
Global Equity Income Sterlir		4O0	67,576					t3,764	400		81,340	66,828	Oct	1,859.48
			26Ltgs4		89,343	97,'J79	5,331	22,LL4			2ao,E63	256,226		7,35O.O3